It is without question that the outcome of the US election will not only affect the American people but will also have a significant impact on financial markets and economies across the world with The Guardian hailing it “the most significant election for US foreign policy since 1940.”

Whilst a re-elected Trump carried fears of a trade war with Europe, which would be damaging to both the European and US economies, and little hope of easing already strained relations with China, Biden‘s victory does not come without risk to the UK and European markets. It is argued that in Biden’s eyes, Brexit will have diminished the UK’s standing in world and our historic relationship as the conduit between the US and the EU will now be redundant. It is predicted that Biden will look to Germany, France and Ireland to form new “special relationships” potentially leaving the UK out in the cold. Whilst, potential tax hikes and excessive labour regulations may curtail U.S. growth and affect EU exports.

However, global stock markets rallied sharply on Monday, after Biden was named U.S. president-elect over the weekend, and have been propelled even higher by promising news of an effective coronavirus vaccine. Biden is widely predicted to take a more outward and globalised approach to international relations, with hopes of collaboration and compromise rather than the confrontation and conflict of the Trump era.

With stability a key factor in creating a strong environment for most businesses ability to grow, there is a high-level of optimism from economic strategists that the impact of Biden’s victory will be very positive for the post Covid-19 global economy.

And it is fair to say, as most countries across Europe are once again in some level of lockdown as they battle the second wave of Covid-19, a little hope and optimism has never been more needed.

USelection2020 #biden #trump #creditandcollections #globaleconomy

Interested in receiving more news and views from 4D Contact?

Subscribe to our weekly newsletter

[TOFU offer] eBook – A C-Suite executive’s guide to Delivering successful order-to-cash transformation
Download our eBook

A C-Suite executive’s guide to Delivering successful order-to-cash transformation

A review of the considerations and tactics critical to achieving successful transformation within your order-to-cash function

Download

You may be interested in these other recent articles

The impact of energy on cash collection

13 November 2023

In the current economic environment, it is crucial to understand the impact of energy on cash collection to ensure your business meets its cash collection…

Read more

How to improve your working capital position before year end

8 November 2023

As businesses approach their year-end on December 31, finance teams across the globe will be reviewing actuals versus forecasts and wondering whether there is anything…

Read more

How Credit-Control can Improve Customer Relationships

31 August 2023

Outlined in this article are 3 ways customer-centric credit-control that can improve your customer experience, securing customer loyalty and your cash flow.

Read more

Understanding European Debt Collection Limitation Periods

16 June 2023

An overview of the debt collection limitation periods in Europe and how these can impact your ability to collect what is due.

Read more

2023 Guide To Collecting a Debt in Europe

15 May 2023

With uncertainty underpinning the economy, what cash collection strategies can credit management and accounts receivables teams implement as we enter 2023 to ensure the business…

Read more
[TOFU offer] eBook – A C-Suite executive’s guide to Delivering successful order-to-cash transformation

Download our eBook

A C-Suite executive’s guide to Delivering successful order-to-cash transformation

A review of the considerations and tactics critical to achieving successful transformation within your order-to-cash function

Download

Book a consultation

Discover the benefits your business could achieve with a bespoke, outsourced contact solution.

Our brief consultations are designed to outline the impact your organisation could achieve, whatever your starting point and unique requirements.







    Register to receive updates

    Enter your email to receive regular news and updates.


      Our contact details

      4D Contact: London

      Barratt Smith Brown & 4D Contact
      Bentinck House
      3-8 Bolsover Street
      London
      W1W 6AB

      4D Contact: Malaga

      Four D Contact S.L.
      Camino de las Cañadas 1D
      Centro de Negocios Martín Buendía
      Planta 1ª, Oficina 17
      29651 Mijas Costa
      Málaga, Spain

      4D Contact: Dublin

      The Black Church
      St Mary’s Place
      Dublin
      D07 P4AX

      Global Sales Enquiries:

      © 2024 4D Contact. All rights reserved  |  Privacy  |  Complaints policy
      Registered in Ireland, number 626576  |   Website credit